AUD/USD Intraday: the bias remains bullish.

Pivot:

0.6795

Our preference:

Long positions above 0.6795 with targets at 0.6830 & 0.6845 in extension.

Alternative scenario:

Below 0.6795 look for further downside with 0.6780 & 0.6765 as targets.

Comment:

A support base at 0.6795 has formed and has allowed for a temporary stabilisation.

Gold Intraday: bullish bias above 1946.00.

Pivot:

1946.00

Our preference:

Long positions above 1946.00 with targets at 1963.00 & 1968.00 in extension.

Alternative scenario:

Below 1946.00 look for further downside with 1940.00 & 1933.00 as targets.

Comment:

A support base at 1946.00 has formed and has allowed for a temporary stabilisation.

Crude Oil (WTI)‎ (U3)‎ Intraday: under pressure.

Pivot:

75.00

Our preference:

Short positions below 75.00 with targets at 73.65 & 72.60 in extension.

Alternative scenario:

Above 75.00 look for further upside with 75.80 & 76.40 as targets.

Comment:

A break below 73.65 would trigger a drop towards 72.60.

EUR/USD Intraday: the bias remains bullish.

Pivot:

1.1215

Our preference:

Long positions above 1.1215 with targets at 1.1250 & 1.1265 in extension.

Alternative scenario:

Below 1.1215 look for further downside with 1.1200 & 1.1185 as targets.

Comment:

The RSI advocates for further advance.

GBP/USD Intraday: watch 1.3040.

Pivot:

1.3095

Our preference:

Short positions below 1.3095 with targets at 1.3055 & 1.3040 in extension.

Alternative scenario:

Above 1.3095 look for further upside with 1.3110 & 1.3130 as targets.

Comment:

The RSI advocates for further downside.

USD/JPY Intraday: bullish bias above 138.30.

Pivot:

138.30

Our preference:

Long positions above 138.30 with targets at 139.10 & 139.40 in extension.

Alternative scenario:

Below 138.30 look for further downside with 138.00 & 137.70 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.